Delta Lloyd launched in Amsterdam at €16

Insurance company Delta Lloyd was floated on the Amsterdam stock exchange on Tuesday at €16 a share, at the lower end of expectations.

Shortly after opening, the share price had gone down 3% to €15.50 and continued to hover around that level into the morning.
The €1bn flotation is the biggest involving a European company since the economic crisis began. ‘There is more uncertainty about financial institutions and that is playing a role,’ analyst Paul Beijsens of merchant bank Theodoor Gillissen told news agency ANP.
Delta Lloyd’s parent company Aviva said two weeks ago it would sell some 40% of the company via the IPO. Around 10% of the shares have gone to private individuals, the rest to institutions such as pension funds.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation